Ferrari’s surge pushes NAV into high gear
After a stellar run over H1 19, Ferrari has now become Exor’s second largest holding. This, coupled ...
Cevian's rough patch continues....
In May, we had a look at Cevian’s exposure to European equities and the dismal performance of its ...
Pension risks still lurk
Low rates increase the actuarial value of pension obligations. The good news is that hardly any “spo...
Concessions pay, again and again
Ever since construction groups have been tackling infrastructure, they have contemplated themselve...
Nestle's very problematic weight
With a market cap about to overtake the €300bn mark, Nestle has become an issue for European e...
AMS/OSRAM: Accretive deal, but stretched balance sheet at ST
AMS has reiterated its bid offer on OSRAM at €38.5/share (all cash), now being backed by two ban...